Variegate Realestate Private Limited
About Variegate Realestate Private Limited
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Variegate Realestate Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 24 August 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1999PTC121441. Its GSTIN is 27AABCV3810F1ZM (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.7 Lakh. It is led by directors Pulin Dinesh Bole and Zameer Rafik Bandukwalla.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Velosity 31 Turner Road Bandra (West), Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.01 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹68.9 Lakh (net margin -22.9%) and EBITDA of ₹1.71 Cr (EBITDA margin 56.9%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years.
As per MCA filings, the company has satisfied charges of ₹1,305 Cr on record. Court records list 40 cases involving the company, including 22 filed by the company and 18 filed against it; 20 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Variegate Realestate Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVelosity 31 Turner Road Bandra (West), Mumbai, Maharashtra, India – 400050
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Variegate Realestate Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Variegate Realestate Private Limited
FY 2024 filings availableVariegate Realestate Private Limited reported revenue of ₹3.01 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over three years, including 16% growth in the latest year. EBITDA fell 20% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.01 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹68.9 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.9% | ||||
| Net Profit Margin | -22.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Variegate Realestate Private Limited, buy the company report.
Board of directors of Variegate Realestate Private Limited
Variegate Realestate has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pulin Dinesh Bole Also directs: Wardoli Agro Farms Private Limited, Concorde Infrastructure Private Limited, Chanakya Infratech Private Limited and 5 more | Director | 28 Mar 2005 | 21 Years 7 Months | Current |
| Zameer Rafik Bandukwalla | Director | 17 Dec 2016 | 9 Years 10 Months | Current |
Peer comparison
Variegate Realestate Private Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Raghava Foundations Private Limited | ₹3.02 Cr (FY 2025) | 147.0% | Chennai, Tamil Nadu, India | |||
| Twister Distributors Private Limited | ₹3.02 Cr (FY 2024) | Uluberia, West Bengal, India | ||||
| Slri Solutions Private Limited | ₹3.02 Cr (FY 2025) | 36.0% | Hyderabad, Telangana, India | |||
| Ashapurna Infraprojects Private Limited | ₹3.02 Cr (FY 2025) | 2713880.0% | Udaipur, Rajasthan, India | |||
| Sunderam Buildhome Private Limited | ₹3.02 Cr (FY 2025) | -48.0% | Ajmer, Rajasthan, India | |||
| Variegate Realestate Private Limitedthis company | ₹3.01 Cr (FY 2024) | -₹68.9 Lakh | -22.9% | 16.0% | Mumbai, Maharashtra, India | |
| Corner Stone Realtors Advisory Services Private Limited | ₹3.01 Cr (FY 2024) | 1393.0% | Bangalore, Karnataka, India | |||
| Champion Infratech Private Limited | ₹3.01 Cr (FY 2024) | -57.0% | Bangalore, Karnataka, India | |||
| Vision Reach Infra Private Limited | ₹3.01 Cr (FY 2025) | Cuttack, Odisha, India | ||||
| International Oil Trading and Contracting Private Limited | ₹3.01 Cr (FY 2022) | Chennai, Tamil Nadu, India | ||||
| KK & Son Constructions Private Limited | ₹3.01 Cr (FY 2024) | 1091.0% | Nawada, Bihar, India |
To see the full peer comparison of Variegate Realestate Private Limited, buy the company report.
Auditor
Variegate Realestate Private Limited is audited by Natvarlal Vepari & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Natvarlal Vepari & Co. | FY 2024 | 106971W |
Shareholding
The shareholding of Variegate Realestate Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Variegate Realestate Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Sep 2018 | 100204895 | Others | ₹850 Cr | Satisfied | |
| 23 Jun 2017 | 100106561 | Others | ₹390 Cr | Satisfied | |
| 08 May 2009 | 10159342 | Bank of India | ₹45 Cr | Satisfied | |
| 24 Feb 2005 | 80053296 | Uco Bank | ₹20 Cr | Satisfied |
To see the full charge records of Variegate Realestate Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Variegate Realestate Private Limited has 40 court cases on record: 22 filed by Variegate Realestate, 18 filed against it. 20 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 10 | 11 |
| District courts | 15 | 8 | 9 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (COMSS) | Filed against the company by Edel Land Limited Now Known As Ecap Equities Ltd. | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by Edel Land Limited Now Known As Ecap Equities Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
To see the full case history of Variegate Realestate Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Variegate Realestate Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Variegate Realestate has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV3810F1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Variegate Realestate Private Limited, buy the company report.
Recent activity
Variegate Realestate Private Limited has 9 board changes on record since 2005: 3 appointments and 6 cessations. The latest: Pranav Bajaj ceased to be Additional Director on 30 Sep 2022.
9 earlier events are in the company report.
Frequently asked questions
Variegate Realestate is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 24 August 1999 (27+ years old) and is registered under CIN U70100MH1999PTC121441.
Variegate Realestate has 2 current directors:
- Pulin Dinesh Bole - Director
- Zameer Rafik Bandukwalla - Director
The latest financial statements of Variegate Realestate on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Variegate Realestate is 27AABCV3810F1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Variegate Realestate is U70100MH1999PTC121441. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Variegate Realestate has 40 court cases on record: 22 filed by the company and 18 filed against it. 20 are pending. Most are in the high courts.
Variegate Realestate was incorporated on 24 August 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Variegate Realestate by revenue are Raghava Foundations Private Limited, Twister Distributors Private Limited, Slri Solutions Private Limited, Ashapurna Infraprojects Private Limited, Sunderam Buildhome Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Pranav Bajaj ceased to be Additional Director on 30 Sep 2022. Pranav Bajaj was appointed as Director on 14 Apr 2022. Zameer Rafik Bandukwalla ceased to be Additional Director on 30 Sep 2017. Variegate Realestate has 9 board changes on record in total.
The registered office of Variegate Realestate is at Velosity 31 Turner Road Bandra West, Mumbai, Maharashtra, India – 400050.
Variegate Realestate operates in the real estate and construction industry, in the real estate builders and developers segment.
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